If you are the owner of a patent, copyright, or trademark or some other form of "intellectual property" and you want to make money from it, you may want consider authorizing others to sell this property in exchange for a licensing fee and royalty payments to you.
If you are in this position, you need a licensing agreement. Licensing agreements set forth the terms and conditions under which another person is authorized to use your intellectual property. Licensing agreements can also include terms that protect you if litigation ever ensues.
Negotiating the terms of a licensing agreement is a tricky task that requires a balancing of interests. On the one hand, you will want to include terms that protect you. But on the other hand, you do not want to be so adamant about the terms of the contract that you lose the deal.
Many people who are very skilled at designing products, software, books, music, art or trademarks are not as skilled when it comes to the art of negotiation. The art of negotiation includes instinctive knowledge of when to push and when not to push for what you want in the contract, and knowing which terms in a licensing agreement should be considered "deal breakers" and which terms are "preferred" but not mandatory.
If you need a licensing agreement, contact us at: